Eastern China (Shanghai):
3,680-3,700 yuan ($545-548) per tonne, unchanged
Northern China (Beijing) weekly assessment:
3,620-3,640 yuan per tonne, down by 10-20 yuan per tonne
Five days of rain across various parts of China affected the construction sector, resulting in a drop in demand for rebar.
Falling prices for steelmaking raw materials also led buyers to expect mills to lower their list prices. As such, buyers retreated to the sidelines...